Japan’s energy major JERA, through its subsidiary JERA Asia, has signed a memorandum of understanding (MoU) with Summit Corporation, a subsidiary of Summit Power International, a power producer in Bangladesh, to collaborate on the development of LNG supply, storage, and regasification. More specific
Danish container shipping major Maersk is set to commemorate a significant milestone in the maritime industry as it prepares to host a series of events celebrating the first-ever voyage of a container vessel powered by green methanol. The festivities, which will take place from September 18 to 21 in
Sustainable Marine, a company that achieved an important milestone for Canada with a first-ever grid-connected floating tidal energy platform in Grand Passage, has decided to withdraw its application for the development of projects in the Bay of Fundy due to the lack of a transparent regulatory proc
Dutch tank storage company Royal Vopak and North American energy infrastructure company AltaGas have announced the execution of definitive agreements for a new 50/50 joint venture (JV) to further evaluate the development of the Ridley Island Energy Export Facility (REEF), a large-scale liquefied pet
Xlinks has secured £30 million in funding for the development of what is described as the world’s longest HVDC subsea cable that will link Morocco to the UK. In the early development funding round, £25 million comes from Abu Dhabi National Energy Company PJSC (TAQA) and £5 million from energy techno
Newbuild ordering in the tanker industry is picking up momentum with 17 new tanker orders placed last week, shipbroking reports show. Several big industry names make up the list of buyers, including Euronav, Maran Tankers, and Capital Gas, signaling renewed confidence in the industry’s future. The o
Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has opened a fundraising campaign, targeting €855,000 to further advance its business.
UK energy market regulator Ofgem has received the application for an electricity interconnector license for the recently announced LionLink multi-purpose interconnector that will connect the UK and the Netherlands. The application was submitted by National Grid Lion Link Limited for a license that w
The companies BP, Gasunie, Nowega, NWO, Salzgitter, Thyssengas, and Uniper are connecting their hydrogen projects in north-west Germany to network Wilhelmshaven as a future location for hydrogen import and production with the industrial consumption centres in North Rhine-Westphalia and Lower Saxony.
South Korea’s flagship carrier HMM has signed a Memorandum of Understanding (MoU) with GS Caltex to secure marine biofuels. HMM said that it also plans to conduct the trial use of the fuels on its three 24,000 TEU containerships in the second half of this year. The marine biofuels comprise 30 percen
Nexans Norway has secured NOK 2 billion (around £155 million) in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract. The transaction covers the export and installation of high-voltage subsea cables for the Moray West offshore wind farm off the coast
Singapore’s first hybrid bunker tanker, Marine Charge, built for V-Bunkers, a leading supplier of barge logistics services in the port of Singapore, has been delivered. The 7990-ton vessel, designed by SeaTech Solutions and built by Zhejiang Shenzhou Sunshine Heavy Industry is fitted with 480Kwh of
In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.
Global OTEC has started talks with the government officials of Turks and Caicos Islands regarding the possible installation of an ocean thermal energy conversion (OTEC) plant for clean energy generation.
